In a statement made yesterday, Square Enix revealed plans to restructure Beautiful Game Studios, the team responsible for the Championship Manager franchise -- a plan resulting in "unavoidable job losses." Square Enix's aim is to "re-focus" its vision in order to "build a successful commercial future" for the European football management series. Square Enix notes job cuts will occur before Christmas.

According to Develop, Square Enix president Yoichi Wada hinted that shuffling would occur at Eidos' London offices during a keynote at the Montreal International Games Summit last week. It is unclear if Beautiful Game Studios -- which is located at the London office -- is a small piece of a larger restructure plan. Layoffs just before Christmas? Bah, humbug!

This article was originally published on Joystiq.